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Europe Daily Bulletin No. 13015

7 September 2022
Contents Publication in full By article 16 / 32
SECTORAL POLICIES / Energy
ACER wants to review methodology for automatically increasing maximum electricity price in case of peaks
Brussels, 06/09/2022 (Agence Europe)

The European Agency for the Cooperation of Energy Regulators (ACER) called, on Friday 2 September, for a revision of the rules on the automatic adjustment mechanism of maximum prices on the ‘day-ahead’ electricity market in case of price peaks.

Under the Harmonised Maximum and Minimum Clearing Price (HMMCP) methodology, if electricity prices in a zone reach 60% of the maximum price, this triggers an increase in the maximum price limit five weeks later.

The price peaks in April in...

Contents

ECONOMY - FINANCE - BUSINESS
COMPETITION: European Commission prohibits Illumina’s acquisition of GRAIL
STATE AID: green light for Greek support for installation of electricity storage facilities
ECONOMY: EU fiscal rules “have reached their limits”, says Czech Presidency of EU Council
COMPANIES: due diligence, European Parliament Committee on Legal Affairs fears directive will not be adopted before spring 2024
FINANCE: EU member states must make efforts to complete Capital Markets Union, say experts
Russian invasion of Ukraine
HOME AFFAIRS: European Commission formalises EU Member States’ decision to fully suspend visa facilitation agreement for Russian citizens
CSDP: Josep Borrell regrets EU did not set up training mission for Ukrainian armed forces sooner
EXTERNAL ACTION
CENTRAL AFRICA: EU may extend exemptions to its arms embargo
ALGERIA: EU and Algeria want to give renewed impetus to their relations
TRADE: anti-coercion tool, three measures proposed by European Commission questioned by EU Council lawyers
SECTORAL POLICIES
MIGRATION: instrumentalisation of migration, first compromise of Czech Presidency of the EU Council discussed on 8 September
TRANSPORT: Czech Presidency of EU Council clarifies some rules on derogations for Member States over TEN-T maritime infrastructure
INTERNAL MARKET: European Commission publishes implementing regulation to facilitate exchange of official documents
ENERGY: EU efforts to reduce gas demand ahead of winter remain insufficient, warns Bruegel
ENERGY: CREA says Russia has exported €158 billion worth of fossil fuels since war began in Ukraine
ENERGY: ACER wants to review methodology for automatically increasing maximum electricity price in case of peaks
CIVIL PROTECTION: Bosnia and Herzegovina joins EU Civil Protection Mechanism
SPACE: European space industry hopes for strong ambition at ESA ministerial meeting in November
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
DEMOCRACY: transparency and targeting of political advertising, Member States divided on specific rules for electoral periods and on sanctions
EU RESPONSE TO COVID-19
HEALTH: EMA and ECDC issue recommendations for administration of first adapted vaccines
HEALTH: MEPs hear from Covid-19 vaccine producers
INSTITUTIONAL
FUTURE OF EU: Laurence Boone praises ‘European Political Community’
NEWS BRIEFS
HOME AFFAIRS: European Commission consults on inclusion of new drug precursors in EU legislation regulating these substances
ENERGY: NGO coalition urges European Parliament to exclude biomass from renewable energy targets
ENERGY: European Trade Union Confederation warns of high energy bills for low-paid workers
MEDIA: launch of “European newsroom”
MIGRATION: 38 asylum seekers relocated from Italy to France under solidarity mechanism for people rescued at sea
DIGITAL: social network Instagram fined €405 million for processing data of minors in EU
CSDP: operation EUNAVFORMED Irini has monitored more than 1,400 vessels over past seven months
RESEARCH: European Research Council supports 55 innovators so as to test bringing their concepts to market
TRANSPORT: Union for the Mediterranean ministerial declaration on transport ready for approval by EU Member States
PLANTS: critical report from FVO on Xylella fastidiosa eradication measures in France